The orange bastard thinks Junior is one and the same, except Junior is more of a Marcos family nerd of sorts, while his sister Imee is now also his archenemy and allied to Duterte, and happens to inherit much more of her father’s egomania.
Nonetheless, they are both successful beneficiaries of mass disinformation and hatred. The thing is, however, in terms of political stability the Philippines now seems a lot milder compared to the mounting ongoing oppression in the US.
source: https://bsky.app/profile/nycsouthpaw.bsky.social/post/3luob4ojgr22n
Thanks for explaining it. Makes sense now. This is what Trump has been advocating previously, in hopes to increase domestic production.
Yeah unfortunately it only works if the wages in the country you are buying from are close enough to the U.S. that 19% would offset the difference.
As an example the largest export of the Philippines is Coconut oil.
Phillipines production cost - $1.65-$2.14/kg
U.S. production cost- $3.04-6.70/kg
So we would have to have at minimum 84% tariffs for the costs to break even, then we would need large areas of land (able to grow them) to dedicate to the $2 billion dollars worth of coconut oil we import from there, and a labor group who would produce it … which would require the workers we are currently deporting.
So the numbers show, he just taxed companies 19% in the U.S. in coconut oil, which they will pass on to U.S. citizens in the sales price. Because it is still way cheaper than us making it here, so no new jobs will be created